45, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £274,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

45 PENNANCE PARC is a midsized detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £343,344. It was last sold for £274,500 in November 2019, which was around 21% below the average November 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

45 PENNANCE PARC Sold Prices

Land registry data shows two sales for 45 PENNANCE PARC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 45 PENNANCE PARC sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 15 NOV	£274,500	£349,562	21% below HPI
2007 9 JUL	£210,000	£295,243	29% below HPI

45 PENNANCE PARC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 45 PENNANCE PARC sales from July 2007 and November 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2019 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 45 PENNANCE PARC be worth now?

45 PENNANCE PARC might now be worth an estimated £343,344.

This is based on house price inflation of 25.1%, between November 2019 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.1% inflationary increase is applied to the most recent sale price for 45 PENNANCE PARC of £274,500 on 15th November 2019. For the value to have increased from £274,500 to £343,344 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 45 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2019 sale price of £274,500 represented a fair market value for the property.
• The size, condition, and specification of 45 PENNANCE PARC has not materially changed since November 2019.

How Large is 45 PENNANCE PARC?

45 PENNANCE PARC is 90m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 50% of detached houses houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where 45 PENNANCE PARC lies on this distribution: 47% of detached houses houses are smaller than 45 PENNANCE PARC, and 52% of houses are larger. Note that EPC data is not available for all properties in Lanner.

45 PENNANCE PARC: Plot and Title Map

45 PENNANCE PARC sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 45 PENNANCE PARC, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 45 PENNANCE PARC). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 45 PENNANCE PARC?

45 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 45 on PENNANCE PARC.